Yangon’s Mayor Maung Maung Soe submitted the bill on February 2nd’s session of Yangon Region Parliament, where he claimed that the bill will allow seven authorities (groups) and the privtization of departments across three major sectors within the Yangon City Development Council (YCDC).

To link up all the banks on the MPU network, the necessary infrastructure needed was software, which MPU purchased from China. The software is now being replaced by a one developed in the US and this caused delays. The installation of the new software will now be completed in December 2017 before launching in early 2018, U Mya Than said.

One customer, who walks in wearing a long red longyi and delicately beaded top, says she was at first nervous about Wave. A clothesmaker, she now sends earnings through it twice a month at a cost of 500 kyat ($0.37) a go. She says Wave’s appeal is its “convenience”.